Property profile

804 3rd St Renton, WA 98057

OFF-MARKET
Turn key restaurants
Property ID
US90-0881250
3,600 SF 0.09 ac lot Built 1927
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,600 square-foot retail property, located at 804 S 3rd St in Renton, WA 98057, presents a unique investment opportunity. Built in 1927, this historic building boasts a prime location on the highly desirable 3rd Street retail corridor, known for its high traffic counts and pedestrian activity. The property is zoned CD and sits on a 4,040 square-foot lot. The interior is divided into two distinct areas: a fully equipped restaurant space with a kitchen, and a separate bar and billiards area. The restaurant features a café-style setup with tables and booths, a full kitchen including a walk-in freezer, and a dedicated bar area complete with a billiards table and televisions. The current tenant, Rubattino's, one of Renton's oldest restaurants (founded in 1920), can vacate upon closing, making this an ideal owner-user opportunity. There is also a separate agreement available for the purchase of the existing business. The asking price for the property is $895,000, translating to $248.61 per square foot. This is a rare chance to acquire a well-established, fully built-out restaurant and bar in a vibrant downtown Renton location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1927
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,600 SF
Lot 0.09 ac (4,040 SF)
Zoning code CD
APN 723150-1875
UPID US90-0881250

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

804 3rd St Renton, WA 98057
Renton metro Census 25302 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$870k

Owner & transaction history

since 2024
Last sale
$870,000
2 recorded transactions
2024
$870,000
1989
$85,000

Zoning & alternative use

CD · Renton, WA
Zoning description

15. In the CD and CO Zones, outdoor retail sales are limited to farmer’s markets. In the RMF Zone, outdoor retail sales are limited to vending machines and retail product lockers. In all other zones, outdoor retail sales…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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